Originally Posted by Mellberg
Somewhere between target 20 and target 21, we will cross one TRILLION pounds. If you bottle out before that, you're yellow.
£1m - 29th June
£10m - 17th July
Won't there be a point where Mellin's bumps become big enough to be noticeable by bigger traders? Maybe even at 10m, the stakes are still small fry.
I'll settle for retirement by Xmas
Would be a nice problem to have, but if that were to ever happen I think come out a couple of timeframes and scale in over a slightly longer period.
Offy, think you're a bit ahead of schedule there mate. It's taken just under a month to hit target one, so on this trajectory a mil is four and a half months away.
You've got until next Sunday.
Stop pressuring him.
I'm just typing random dates for banter.
Enjoy it, because by August I guarantee we're going to be so rich we'll be miserable.
Ive already spent the money in my head.
Just an update to say it's been a middling couple of days and we're just plodding. Not stuck anything major. Market's in a range generally speaking and still looks pretty heavy, so only interested in buying near recent lows.
Got smashed yesterday on the Nasdaq. Dropped 3.5% and I was buying into it. Margin called. Game over.
Smaller accounts are difficult and you have to blast through levels and basically lay the whole account down to get anywhere, so there's always a risk. 25-50k is the sweet spot I think. You can play it differently. The big one is definitely doable and if we'd started in May 2020 rather than a big fuck off bear market we might have. Also I would've happily shorted the fuck out of that crypto ponzi for 2 months at 125%, so shame Binance locked the UK leverage account out. But we didn't, so fuck it.
I'm obviously not going again. It is exhausting trading that close to the edge and I'm focusing earning a living on my other account (more capital, slower pace), plus I think losing other people's money twice is more than enough.
So yeah, soz. 10 mil from 5k was a big ask, but I do wish we'd done it at a better time. We'd have cleared targets quicker and far less exposure to getting shagged. Ruthless environment at the min.
Don't worry mate. You are doing great. Just let us know in a few months when we're millionaires, and where/when to send you the next hundo.
Better start the cold calling again.
Wait, it's all gone again?
Lol. I'm going to grind some pepper.
Crikey.
Meanwhile my bot made 10% profit in 5 days.
Happy to run another iteration of it with TTH funds if people want some profit.
I'm a twit
£1m - N/A
£10m - N/A
What's your total profit from the bot, Baz?
Lol, what happened to slow and steady
I made 0.57% yesterday. Slow and steady.
£1793.56 in 70 days but things are about to pick up massively.
I'm a twit
lol
MellInc.
I’m not sure how likely people are to go for this but figured it’s worth suggesting.
I’ve mentioned it before that I run a “trading bot” that trades all day everyday and makes profit. I’ve been testing it since March 15th, along with a group of other people, and together we’ve tweaked the settings to make it as safe as possible, in terms of not losing all your money.
If anyone wants to commit some money (the options will be £25, £50, £75, or £100) I will personally guarantee you get at least 50% back should it go south. (Because of this, I don’t want people to commit anymore than £100, soz Yev.)
Really need a starting pot of at least £1500 start, otherwise the risks are too high. I’ll gauge interest and potentially top up the shortfall. Hopefully we can reach 1k?
The bot’s trades now scale depending on the pot size; the more money in the pot, the bigger the daily percentage increases are. Basically:
Toggle Spoiler
If everyones fingers are too sore from Mellin, fair enough.
The plan is to run the bot from 6th June 2022 for twelve months, when all profits will be paid out.
Everything will be transparent. I’ll update a public spreadsheet daily showing total profits and individual gains, so bear in mind your contribution will be visible to all.
So, to see if it’s worth even thinking about, hands up who wants to go again and how much would you be in for?
For the record, I deposited 1k on 15/3/22 and withdrew 1k on 21/4/22, leaving £1245.50 in my pot. On 26/4/22 the pot was on £1432.05. I then got very greedy with settings and massively ramped them up, resulting in a £464.82 loss. After group consultation, settings were reverted and from having only £967.23 on 27/4/22, as of yesterday 24/5/22 my pot is on £1525.82, which is a 50% total increase over 27 days.
Since then, the scaling bot was created and I plugged it into a 5k pot on 19/5/2022. As of yesterday, it’s on £5513.25, which is a 10% increase over 3 trading days. I’m very confident this version of the bot is both as safe as possible and also very rewarding. I will be using this version of the bot if TTH decides to fund a pot.
I'll probably take a tiny cut but we'll discuss that if its actually going to happen.
I'm a twit
Everyone send me $20 and I'll back the next fixed match I hear about.
Can we do more than $20?
I'm a twit
Everyone send me £100 to help pay off my honeymoon
Fucking hell, lads, just sell some ass on the streets already.
Edit: John's is actually substantive
Enjoy the holiday, Mel.
I can confirm Bazbot does seem to be working.
I put £1000 in of the 25th April and it's currently sitting at £1619. Rather than using his scaling version, I'm considering duplicating the account when I hit £1k profit, and then duplicating further every time an account reaches £1k.
I'm still waiting for it all to come tumbling down however.
I think I'm gonna set the bot up some point soon. It seems pretty daft for me to try and trade in a bot's market.
@Baz where did the bot come from? Did you actually make it?
He did not make it.
Bought it for £180.
I'm a twit
Where from?
A friend of a friend.Was a group buy with other online deviants. Why?
If anyones thinking of starting it up themselves the guide isn’t foolproof so give me a shout (PM) and I’ll give you some pointers. I set one up for Mike and did it wrong and it did not go well.Lessons learned etc. also happy to share the private “scaling bot” if people want it. It’s less set up.
I wouldn’t recommend anyone use it if they would be in a bad situation if they woke up to an empty pot.
I'm a twit
Genuinely just curious. I might give it a bash once the honeymoon is paid off and I've got some spare cash to play with again.
I'd like to withdraw my £500 please Mellin.
Some things:
Mellin is always at pains to talk about using a stop loss, yet it appears we didn't the first time and then having learnt that lesson didn't again for a second time.
I also don't understand how having £25k radically changes the game when compared to having £12k. It's not like we were playing against the clock and bar people being jokey dickheads we were all happy to play a patient game.
The screen shots and proper updates that were promised for the second run didn't materialise either.
No hard feelings, as once I handed the cash over it was Mell's, so in my head I'd lost it by that point anyway, but does seem a bit of a bizarre way to go down.
What's the difference between the scaling bot and the original?A friend of a friend.
If anyones thinking of starting it up themselves the guide isn’t foolproof so give me a shout (PM) and I’ll give you some pointers. I set one up for Mike and did it wrong and it did not go well.
I wouldn’t recommend anyone use it if they would be in a bad situation if they woke up to an empty pot.
Mellin enjoying our money after he "lost" it again:
I've arranged to have him hit just in case.
The original stakes are always the same, no matter if you've got £1,000 in your account or £100,000. It seems to tick over at about £30 profit per day.
The scaling version seems to increase the stakes as the size of the pot increases.
If you'd just shorted Luna near the peak like I said, Mel, you'd be stuffing 50 quid notes up some Asian hooker's fanny.
What’s the legality of this bot? Is it effectively just an algorithm day trading for you?
Scaling bot sounds much better then. Dish us a PM, @Baz.
I’ll write something out tonight and send it over, with the link to the new bot. Only one person in the group has the tools to compile the bot and to prevent it leaking he puts an expiration on it but it’s good for another six weeks and then I’ll get a new version from him.
It’s really not worth risking using it, without an absolute minimum of £1000 though, and even then there are no guarantees. I don’t want to over-egg this and people I know end up losing money. I am definitely making money though (the bot with the 5k starting pot has made £116 so far today) and some people are making absolutely crazy figures. One guy has 16k in his account and made 1k a day for a few days straight. His dad has 30k in and doesn’t share how much he’s making. I was tempted to sack it off on the day I made the big loss but seeing others benefit so much I went back in and am now playing it more sensible and using crowdsourced advice and settings.
I'm a twit
I'm not sure I'll go all in until mid-July once I'm done with holidays so it might be best to wait, but I'm also very impatient so may do it immediately.
I can reiterate Baz Bot Original does work if anyone wants to go solo on it but as he says, you need £1k in the pot. I tried with less and it just doesn’t work, as the bot shits itself if equity is too low. I haven’t quite worked out the threshold (it’s a bit less than £1k) whereby anything above is pretty much guaranteed slow gains and anything below will lose it all at the first sniff of volatility.
Of course I’ll enter the group one, I’m a sucker for self hurt.
I gave Mellin fifty quid this time round. Which idiots went large on it?
Here it comes…..
Yeah, this obviously isn't my game, but that line makes no sense to me whatsoever.
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